A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells $196,050.00 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 5,000 shares of A-Mark Precious Metals stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $39.21, for a total transaction of $196,050.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $39.23 on Thursday. The business has a 50-day moving average of $35.54 and a two-hundred day moving average of $30.56. The firm has a market capitalization of $896.41 million, a PE ratio of 12.03 and a beta of -0.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $42.48.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter worth $67,000. Quest Partners LLC purchased a new stake in A-Mark Precious Metals during the 4th quarter worth $184,000. Capstone Investment Advisors LLC acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at $220,000. Quantbot Technologies LP raised its position in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after purchasing an additional 4,895 shares during the period. Finally, Raymond James & Associates acquired a new position in shares of A-Mark Precious Metals during the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMRK shares. Maxim Group started coverage on A-Mark Precious Metals in a report on Wednesday. They issued a “buy” rating and a $63.00 price target for the company. Northland Securities downgraded A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Northland Capmk cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Wednesday, May 15th. Finally, StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.67.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.